International Business Machines (IBM) Stock Insights

IBM price $253.27 +3.02 +1.21%

Ticker
IBM
Price
$253.27
Change
+3.02 +1.21%
Market cap ?
$239.37B
P/E ?
21.17
Forward P/E ?
20.42
Dividend yield ?
2.68%
Beta ?
0.72
Sector
Technology
Industry
Information Technology Services
Stocklytics score
48
Value
46
Quality
49
Growth
49

Stocklytics score rationale: value 46, quality 49, growth 49.

Financials

2016201720182019202020212022202320242025
79920000000791390000007959100000057714000000551790000005735100000060530000000618600000006275300000067536000000

International Business Machines Corporation (IBM) delivers comprehensive technology solutions and services across the globe. The company's operations are structured into four primary segments: Software, Consulting, Infrastructure, and Financing. The Software division provides hybrid cloud platforms and a range of software offerings, including Red Hat's enterprise open-source solutions. It also develops software for…

Fair value

IBM fair value $321.68. Price $253.27. Price is 21% below fair value.

Below fair value, and cheaper than usual. A larger discount than on 97% of days in the past 5 years.

Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.

Calculated with a 10-year free-cash-flow discount. Starting free cash flow 14.34B. Growth 9.73%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 8.70% (beta 0.8). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 945.12M. Net debt 53.51B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.

Compare IBM

Earnings

DateEPS actualEPS estimateRevenueRevenue estimate
2027-01-27—4.63—20.41B
2026-10-212.952.8517.10B16.82B
2026-07-222.932.9517.16B17.46B
2026-04-221.911.8115.92B15.63B
2026-01-284.524.3119.69B19.19B
2025-10-222.652.4516.33B16.09B
2025-07-232.802.6516.98B16.59B
2025-04-231.601.4214.54B14.39B
2025-01-293.923.7717.55B17.56B
2024-10-232.302.2214.97B15.08B
2024-07-242.432.2015.77B15.62B
2024-04-241.681.6014.46B14.55B
2024-01-243.873.7817.38B17.30B
2023-10-252.202.1314.75B13.91B
2023-07-192.182.0115.47B14.80B
2023-04-191.361.2714.25B14.35B
2023-01-253.603.6016.69B16.15B
2022-10-191.811.7814.11B13.52B
2022-07-182.312.2915.54B15.08B
2022-04-191.401.3414.20B13.78B
2022-01-243.353.3016.70B13.89B
2021-10-202.522.4913.25B17.77B
2021-07-192.332.2514.22B18.29B
2021-04-191.771.6713.19B16.21B
2021-01-212.071.7820.37B17.18B
2020-10-192.582.5517.56B17.56B
2020-07-202.182.1418.12B17.29B
2020-04-201.841.7817.57B17.19B
2020-01-214.714.6821.78B21.64B
2019-10-162.682.6418.03B17.96B
2019-07-173.173.0719.16B18.56B
2019-04-162.252.2218.18B17.94B
2019-01-224.874.8121.76B21.54B
2018-10-163.423.4018.76B18.65B
2018-07-183.083.0420.00B19.74B
2018-04-172.452.4019.07B18.84B
2018-01-185.185.1722.54B22.50B
2017-10-173.303.2819.15B19.04B
2017-07-182.792.7419.29B17.80B
2017-04-182.382.3518.16B17.93B

Dividends

Yield 2.66%. Payout ratio 56.72%. Frequency Quarterly.

Safety score 82/100 · Safe. Payout ratio is 57% of earnings. Dividends use a moderate share of free cash flow. Dividends were paid in 57 separate years. Yield is 2.7%, in a range that is usually sustainable.

Ex-dateDividendRecordPaymentFrequency
2026-11-10$1.692026-11-102026-12-10Quarterly
2026-08-10$1.692026-08-102026-09-10Quarterly
2026-05-08$1.692026-05-082026-06-10Quarterly
2026-02-10$1.682026-02-102026-03-10Quarterly
2025-11-10$1.682025-11-102025-12-10Quarterly
2025-08-08$1.682025-08-082025-09-10Quarterly
2025-05-09$1.682025-05-092025-06-10Quarterly
2025-02-10$1.672025-02-102025-03-10Quarterly
2024-11-12$1.672024-11-122024-12-10Quarterly
2024-08-09$1.672024-08-092024-09-10Quarterly
2024-05-09$1.672024-05-102024-06-10Quarterly
2024-02-08$1.662024-02-092024-03-09Quarterly
2023-11-09$1.662023-11-102023-12-09Quarterly
2023-08-09$1.662023-08-102023-09-09Quarterly
2023-05-09$1.662023-05-102023-06-10Quarterly
2023-02-09$1.652023-02-102023-03-10Quarterly
2022-11-09$1.652022-11-102022-12-10Quarterly
2022-08-09$1.652022-08-102022-09-10Quarterly
2022-05-09$1.652022-05-102022-06-10Quarterly
2022-02-10$1.642022-02-112022-03-10Quarterly
2021-11-09$1.642021-11-102021-12-10Quarterly
2021-08-09$1.572021-08-102021-09-10Quarterly
2021-05-07$1.572021-05-102021-06-10Quarterly
2021-02-09$1.562021-02-102021-03-10Quarterly
2020-11-09$1.562020-11-102020-12-10Quarterly
2020-08-07$1.562020-08-102020-09-10Quarterly
2020-05-07$1.562020-05-082020-06-10Quarterly
2020-02-07$1.552020-02-102020-03-10Quarterly
2019-11-07$1.552019-11-082019-12-10Quarterly
2019-08-08$1.552019-08-092019-09-10Quarterly
2019-05-09$1.552019-05-102019-06-10Quarterly
2019-02-07$1.502019-02-082019-03-09Quarterly
2018-11-08$1.502018-11-092018-12-10Quarterly
2018-08-09$1.502018-08-102018-09-10Quarterly
2018-05-09$1.502018-05-102018-06-09Quarterly
2018-02-08$1.432018-02-092018-03-10Quarterly
2017-11-09$1.432017-11-102017-12-09Quarterly
2017-08-08$1.432017-08-102017-09-09Quarterly
2017-05-08$1.432017-05-102017-06-10Quarterly
2017-02-08$1.342017-02-102017-03-10Quarterly
2016-11-08$1.342016-11-102016-12-10Quarterly
2016-08-08$1.342016-08-102016-09-10Quarterly
2016-05-06$1.342016-05-102016-06-10Quarterly
2016-02-08$1.242016-02-102016-03-10Quarterly
2015-11-06$1.242015-11-102015-12-10Quarterly
2015-08-06$1.242015-08-102015-09-10Quarterly
2015-05-06$1.242015-05-082015-06-10Quarterly
2015-02-06$1.052015-02-102015-03-10Quarterly
2014-11-06$1.052014-11-102014-12-10Quarterly
2014-08-06$1.052014-08-082014-09-10Quarterly
2014-05-07$1.052014-05-092014-06-10Quarterly
2014-02-06$0.912014-02-102014-03-10Quarterly
2013-11-06$0.912013-11-082013-12-10Quarterly
2013-08-07$0.912013-08-092013-09-10Quarterly
2013-05-08$0.912013-05-102013-06-10Quarterly
2013-02-06$0.812013-02-082013-03-09Quarterly
2012-11-07$0.812012-11-092012-12-10Quarterly
2012-08-08$0.812012-08-102012-09-10Quarterly
2012-05-08$0.812012-05-102012-06-09Quarterly
2012-02-08$0.722012-02-102012-03-10Quarterly
2011-11-08$0.722011-11-102011-12-10Quarterly
2011-08-08$0.722011-08-102011-09-10Quarterly
2011-05-06$0.722011-05-102011-06-10Quarterly
2011-02-08$0.622011-02-102011-03-10Quarterly
2010-11-08$0.622010-11-102010-12-10Quarterly
2010-08-06$0.622010-08-102010-09-10Quarterly
2010-05-06$0.622010-05-102010-06-10Quarterly
2010-02-08$0.532010-02-102010-03-10Quarterly
2009-11-06$0.532009-11-102009-12-10Quarterly
2009-08-06$0.532009-08-102009-09-10Quarterly
2009-05-06$0.532009-05-082009-06-10Quarterly
2009-02-06$0.482009-02-102009-03-10Quarterly
2008-11-06$0.482008-11-102008-12-10Quarterly
2008-08-06$0.482008-08-082008-09-10Quarterly
2008-05-07$0.482008-05-092008-06-10Quarterly
2008-02-06$0.382008-02-082008-03-10Quarterly
2007-11-07$0.382007-11-092007-12-10Quarterly
2007-08-08$0.382007-08-102007-09-10Quarterly
2007-05-08$0.382007-05-102007-06-09Quarterly
2007-02-07$0.292007-02-092007-03-10Quarterly

Insider trades

DateInsiderActionSharesPriceValue
2026-10-01Baker FrankOther0——
2026-09-30Laguarta RamonBuy415$219.9391.27K
2026-09-30Gorsky AlexBuy489$219.93107.55K
2026-09-30HOWARD MICHELLE JBuy291$219.9364.00K
2026-09-30LIVERIS ANDREW NBuy444$219.9397.65K
2026-09-30MCNABB FREDERICK WILLIAM IIIBuy415$219.9391.27K
2026-09-30Miebach MichaelBuy415$219.9391.27K
2026-09-30Pollack Martha EBuy268$219.9358.94K
2026-09-30VOSER PETER R.Buy455$219.93100.07K
2026-09-30ZOLLAR ALFRED WBuy415——
2026-09-30FARR DAVID NBuy268——
2026-09-30Buberl ThomasBuy444——
2026-09-30Brown Marianne CatherineBuy415——
2026-08-27KRISHNA ARVINDBuy8.38K——
2026-08-26Thomas Robert DavidSell25.00K$230.325.76M
2026-07-01Robinson AnneBuy5.88K——
2026-07-01Robinson AnneBuy1.41K——
2026-07-01Robinson AnneSell781$286.73223.93K
2026-07-01Robinson AnneSell3.25K$286.73933.00K
2026-07-01Robinson AnneSell5.88K——
2026-07-01Robinson AnneSell1.41K——
2026-06-30Miebach MichaelBuy325——
2026-06-30Laguarta RamonBuy325——
2026-06-30ZOLLAR ALFRED WBuy325——
2026-06-30VOSER PETER R.Buy356——
2026-06-30Pollack Martha EBuy209——
2026-06-30MCNABB FREDERICK WILLIAM IIIBuy325——
2026-06-30LIVERIS ANDREW NBuy347——
2026-06-30HOWARD MICHELLE JBuy228——
2026-06-30Gorsky AlexBuy383——
2026-06-30FARR DAVID NBuy209——
2026-06-30Buberl ThomasBuy341——
2026-06-30Brown Marianne CatherineBuy325——
2026-06-04Fehring Nicolas A.Sell400——
2026-03-31Laguarta RamonBuy126——
2026-03-31Brown Marianne CatherineBuy377——
2026-03-31Buberl ThomasBuy377——
2026-03-31FARR DAVID NBuy243——
2026-03-31Gorsky AlexBuy444——
2026-03-31HOWARD MICHELLE JBuy264——
2026-03-31LIVERIS ANDREW NBuy403——
2026-03-31MCNABB FREDERICK WILLIAM IIIBuy377——
2026-03-31Miebach MichaelBuy377——
2026-03-31VOSER PETER R.Buy413——
2026-03-31WADDELL FREDERICK HBuy403——
2026-03-31ZOLLAR ALFRED WBuy377——
2026-03-31Pollack Martha EBuy243——
2026-03-01Laguarta RamonOther0——
2026-02-26Robinson AnneBuy25.36K$243.226.17M
2026-02-26Robinson AnneBuy6.34K——
2026-02-26LAMOREAUX NICKLE JACLYNBuy25.14K$243.226.11M
2026-02-26LAMOREAUX NICKLE JACLYNBuy6.29K——
2026-02-26KRISHNA ARVINDBuy90.07K$243.2221.91M
2026-02-26KRISHNA ARVINDBuy22.52K——
2026-02-26KAVANAUGH JAMES JBuy41.45K$243.2210.08M
2026-02-26KAVANAUGH JAMES JBuy10.36K——
2026-02-26Fehring Nicolas A.Buy7.58K$243.221.84M
2026-02-26Fehring Nicolas A.Buy2.84K——
2026-02-26COHN GARY DBuy42.26K$243.2210.28M
2026-02-26COHN GARY DBuy10.56K——
2026-02-26Thomas Robert DavidBuy42.26K$243.2210.28M
2026-02-26Thomas Robert DavidBuy10.56K——
2026-02-25HOWARD MICHELLE JBuy50$237.8311.89K
2026-02-25Miebach MichaelBuy434$233.33101.26K
2026-02-21COHN GARY DBuy2.25K——
2026-02-21COHN GARY DBuy2.61K——
2026-02-21COHN GARY DSell1.24K$256.42318.73K
2026-02-21COHN GARY DBuy2.73K——
2026-02-21COHN GARY DSell1.44K$256.42370.27K
2026-02-21COHN GARY DSell1.51K$256.42386.42K
2026-02-21COHN GARY DSell2.25K——
2026-02-21COHN GARY DSell2.61K——
2026-02-21COHN GARY DSell2.73K——
2026-02-21KAVANAUGH JAMES JBuy2.88K——
2026-02-21KAVANAUGH JAMES JBuy3.58K——
2026-02-21KAVANAUGH JAMES JSell1.44K$256.42369.76K
2026-02-21KAVANAUGH JAMES JSell1.79K$256.42459.50K
2026-02-21KAVANAUGH JAMES JBuy3.38K——
2026-02-21KAVANAUGH JAMES JSell1.69K$256.42434.38K
2026-02-21KAVANAUGH JAMES JSell2.88K——
2026-02-21KAVANAUGH JAMES JSell3.58K——
2026-02-21KAVANAUGH JAMES JSell3.38K——
2026-02-21KRISHNA ARVINDBuy5.61K——
2026-02-21KRISHNA ARVINDBuy6.12K——
2026-02-21KRISHNA ARVINDSell2.81K$256.42721.57K
2026-02-21KRISHNA ARVINDSell3.07K$256.42786.95K
2026-02-21KRISHNA ARVINDBuy5.17K——
2026-02-21KRISHNA ARVINDSell2.59K$256.42663.36K
2026-02-21KRISHNA ARVINDSell5.61K——
2026-02-21KRISHNA ARVINDSell6.12K——
2026-02-21KRISHNA ARVINDSell5.17K——
2026-02-21Fehring Nicolas A.Buy632——
2026-02-21Fehring Nicolas A.Sell320$256.4282.05K
2026-02-21Fehring Nicolas A.Buy540——
2026-02-21Fehring Nicolas A.Sell274$256.4270.26K
2026-02-21Fehring Nicolas A.Buy396——
2026-02-21Fehring Nicolas A.Sell201$256.4251.54K
2026-02-21Fehring Nicolas A.Sell632——
2026-02-21Fehring Nicolas A.Sell540——
2026-02-21Fehring Nicolas A.Sell396——

Institutional holders

Latest filed quarter: Q2 2026.

Institutions holding: 3.79K. Ownership 66.00%.

HolderSharesChangeChange %Value
BLACKROCK, INC.76.76MNewNew21.59B
VANGUARD CAPITAL MANAGEMENT LLC61.39MNewNew17.26B
STATE STREET CORP56.05MNewNew15.76B
VANGUARD PORTFOLIO MANAGEMENT LLC28.35MNewNew7.97B
GEODE CAPITAL MANAGEMENT, LLC23.45MNewNew6.58B
MORGAN STANLEY17.46MNewNew4.91B
CAPITAL WORLD INVESTORS16.21MNewNew4.56B
BANK OF AMERICA CORP /DE/14.99MNewNew4.21B
JPMORGAN CHASE & CO12.45MNewNew3.46B
NORTHERN TRUST CORP10.23MNewNew2.88B
BANK OF NEW YORK MELLON CORP9.27MNewNew2.61B
NORGES BANK8.42MNewNew2.37B
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC7.62MNewNew2.14B
FMR LLC7.43MNewNew2.09B
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P.7.13MNewNew2.01B
CHARLES SCHWAB INVESTMENT MANAGEMENT INC7.13MNewNew2.01B
GOLDMAN SACHS GROUP INC6.94MNewNew1.95B
LEGAL & GENERAL GROUP PLC6.67MNewNew1.87B
SUSQUEHANNA INTERNATIONAL GROUP, LLP6.60MNewNew1.86B
WELLINGTON MANAGEMENT GROUP LLP6.55MNewNew1.84B
DIMENSIONAL FUND ADVISORS LP5.58MNewNew1.57B
AMUNDI5.46MNewNew1.54B
VANGUARD FIDUCIARY TRUST CO5.28MNewNew1.48B
WELLS FARGO & COMPANY/MN5.27MNewNew1.48B
SUSQUEHANNA INTERNATIONAL GROUP, LLP4.94MNewNew1.39B

Insights

Revenue by product
PeriodValue
FY2010Global Business Services: 17858000000.0, Global Financing: 1580000000.0, Global Technology Services: 29367000000.0, Software Segment: 20882000000.0, Systems: 11619000000.0
FY2011Global Business Services: 20081000000.0, Global Financing: 4195000000.0, Global Technology Services: 42121000000.0, Systems: 19823000000.0
FY2012Global Business Services: 19286000000.0, Global Financing: 4073000000.0, Global Technology Services: 41402000000.0, Systems: 18343000000.0
FY2013Global Business Services: 19109000000.0, Global Financing: 4304000000.0, Global Technology Services: 39615000000.0, Systems: 14964000000.0
FY2014Global Business Services: 18367000000.0, Global Financing: 4522000000.0, Global Technology Services: 38063000000.0
FY2015Global Business Services: 17166000000.0, Global Financing: 1840000000.0, Global Technology Services: 32017000000.0, Software Segment: 134000000.0, Systems Hardware: 7581000000.0
FY2016Global Business Services: 17109000000.0, Global Financing: 3494000000.0, Systems: 8464000000.0
FY2017Global Business Services: 16711000000.0, Global Financing: 3168000000.0, Systems: 8945000000.0
FY2018Application Management Services: 7852000000.0, Global Process Services: 1259000000.0, Infrastructure Services: 23007000000.0, Integration Software: 4493000000.0, Operating Systems Software: 1671000000.0, Products And Services Other: 207000000.0, Solutions Software: 12903000000.0, Systems Hardware: 6363000000.0, Technical Support Services: 6961000000.0, Transaction Processing Software: 5578000000.0
FY2019Cloud And Cognitive Software: 23200000000.0, Global Business Services: 16634000000.0, Global Financing: 1400000000.0, Global Technology Services: 27361000000.0, Systems: 7604000000.0
FY2020Cloud And Cognitive Software: 23376000000.0, Global Business Services: 16162000000.0, Global Financing: 1123000000.0, Global Technology Services: 25812000000.0, Systems: 6978000000.0
FY2021Consulting: 17844000000.0, Financing: 774000000.0, Infrastructure Services: 14188000000.0, Other: 404000000.0, Software: 24141000000.0
FY2022Extended Warranty: 135000000.0, Financing.: 651000000.0, Sales: 29673000000.0, Services: 30206000000.0
FY2023Consulting: 19985000000.0, Financing: 741000000.0, Infrastructure: 14593000000.0, Other: 233000000.0, Software: 26308000000.0
FY2024Consulting: 20692000000.0, Financing: 713000000.0, Infrastructure Services: 14020000000.0, Segment Reconciling Items: 243000000.0, Software: 27085000000.0
FY2025Consulting: 21055000000.0, Financing: 737000000.0, Infrastructure Services: 15718000000.0, Segment Reconciling Items: -2000000.0, Software: 29962000000.0
Revenue by region
PeriodValue
FY2010Americas: 35581000000.0
FY2011Americas: 37041000000.0
FY2012Americas: 36270000000.0
FY2014Total Segments: 192945000000.0
FY2016Americas: 30194000000.0
FY2017Americas: 29759000000.0
FY2018Americas: 36994000000.0, Asia Pacific: 17106000000.0, E M E A: 25491000000.0
FY2019Americas: 36274000000.0, Asia Pacific: 16430000000.0, E M E A: 24443000000.0
FY2020Americas: 34114000000.0, Asia Pacific: 15863000000.0, E M E A: 23644000000.0
FY2021Americas: 28299000000.0, Asia Pacific: 11604000000.0, E M E A: 17447000000.0
FY2022Americas: 31057000000.0, Asia Pacific: 11522000000.0, E M E A: 17950000000.0
FY2023Americas: 31666000000.0, Asia Pacific: 11702000000.0, E M E A: 18492000000.0
FY2024Americas: 31266000000.0, Asia Pacific: 12058000000.0, E M E A: 19429000000.0
FY2025Americas: 33342000000.0, Asia Pacific: 12004000000.0, E M E A: 22189000000.0

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International Business Machines (IBM) Stock Insights

IBM$253.27+3.02 +1.21%

$239.37B

Market Cap

21.17

P/E

20.42

Forward P/E

48

Score

Price History